Microsoft to invest over $15 billion in UAE, secures US export licenses for AI chips

Microsoft plans to invest over $15 billion in the United Arab Emirates in the seven years to the end of 2029 and has secured export licenses from the Trump administration to ship advanced chips to the Gulf country, it said Monday.

“The biggest share of it (the investment), by far, both looking back and looking forward, is the expansion of AI data centers across the UAE. And from our perspective, it’s an investment that is critical to meet the demand here for the use of AI,” Microsoft Vice Chair and President Brad Smith told Reuters in an interview on…